Gambling losses include the cash lost at the slot machines or when a "sure bet" comes up lame in the race. Total gambling losses claimed cannot exceed gambling income.
Investment dictionary. Academic. 2012.
Gambling — • The staking of money or other thing of value on the issue of a game of chance Catholic Encyclopedia. Kevin Knight. 2006. Gambling Gambling … Catholic encyclopedia
loss — n. 1) to inflict losses on (our forces inflicted heavy losses on the enemy) 2) (sports) to hand smb. a loss (they handed our team its first loss of the season) 3) to incur, suffer, sustain, take losses (to take heavy losses) 4) to make up, offset … Combinatory dictionary
gambling contract — A contract in which the parties, in effect, stipulate that they shall gain or lose on the happening of an event which is uncertain of occurrence and in which they have no interest except that arising from the possibility of such gain or loss. 24… … Ballentine's law dictionary
Income tax and gambling losses — Rules concerning income tax and gambling losses vary internationally.United KingdomIn the United Kingdom, wins (unless in the course of a trade) are not taxable and losses are not deductible.United StatesIn the United States, gambling wins are… … Wikipedia
Iowa gambling task — The Iowa gambling task is a psychological task thought to simulate real life decision making.It was introduced by Bechara, Damasio, Tranel and Anderson (1994), then researchers at the University of Iowa. It has been brought to popular attention… … Wikipedia
Problem gambling — Classification and external resources ICD 10 F63.0 ICD 9 312.31 … Wikipedia
Online gambling — Contents 1 Online poker 2 Online casinos 3 Online sports betting 4 … Wikipedia
Advantage gambling — Advantage gambling, or advantage play, refers to a practice of using legal ways to gain a mathematical advantage while gambling. The term usually refers to house banked games, but can also refer to games played against other players, such as… … Wikipedia
Stop Predatory Gambling Foundation — is a 501(c)3 not for profit educational organization based in Washington, D.C. The organization has affiliates in most states across the country. Stop Predatory Gambling s main objective is to highlight predatory gambling as a failed public… … Wikipedia
Native American gambling enterprises — Indian Gaming enterprises comprise gambling businesses operated on Indian reservations or tribal land, which have limited sovereignty and therefore the ability to exist outside of direct state regulation.In 1987, in a case called Cabazon Band of… … Wikipedia
